ltechnologygroup.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.http://tctechcrunch2011.files.wordpress.com/2015/03/04062011-t2-srb-wine-hr.jpg
It’s probably no surprise that billionaire Richard Branson is going to be taking a more active role in Virgin Hyperloop One, considering the company adopted the “Virgin” moniker after Branson’s global co. became a key backer earlier this year. Now, Axios reports that he’ll be made chairman of the company, as it takes on an additional $50 million in funding to help it keep moving towards its goal of building super-speed, near-vacuum tube train transit.
Branson stepping into the chair role comes as one of its board co-chairs, investor and co-founder Shervin Pishevar, has been removed from the company (as well as from his own investment firm) following allegations of sexual harassment levied against him. Branson already held a board seat following Virgin Group’s investment in Hyperloop One and the rebranding, and Axios says his installation as chair helped pave the way for the new $50 million raise, which comes from existing funders Caspian Venture Capital and DP World.
The funding was timely for Virgin Hyperloop One, according to the report, which says that the company was running pretty low on available funds, putting employment of some of its staff at risk. Building a working hyperloop is obviously a cash-intensive process, and one that’s still likely at least a few years away from being a revenue-generating operation, so it’s natural to expect it to require a steady stream of inbound venture cash to keep things humming away.
At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.
Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group, https://www.ltechnologygroup.com.